list of prediction markets (2026)

Below is a categorized list of prediction markets currently operating in the US and internationally, grouped by regulatory status and focus area. This list covers CFTC-regulated exchanges, sports-focused trading platforms, sportsbook-integrated products, and crypto-native markets, along with what separates one from another.

What makes a platform a prediction market

A prediction market lets users buy and sell contracts tied to the outcome of a real-world event, such as an election, a Fed rate decision, or a sports game. Contracts settle at $1 if the outcome happens and $0 if it doesn’t, and the market price between those two points reflects the crowd’s estimated probability. This differs from a traditional sportsbook, where you bet against the house at fixed odds. On a prediction market, you’re trading against other users, and prices move as new money comes in.

CFTC-regulated prediction markets in the US

These platforms operate as designated contract markets or offer event contracts under Commodity Futures Trading Commission oversight, which is what allows them to run nationally (or nearly nationally) rather than state by state like sportsbooks.

Sports-focused trading platforms

A newer wave of platforms applies the prediction market model specifically to sports, letting traders take positions on game outcomes and player props without a sportsbook setting the odds.

• Novig: Peer-to-peer sports contract trading with no built-in vig, covering NFL, NBA, MLB, NHL, UFC, and soccer.
• Sporttrade: A regulated sports exchange where prices move like a stock ticker as game action unfolds.
• ProphetX: Peer-to-peer sports exchange aimed at sharper bettors looking to trade against other users rather than a book.
• ProphetExchange / other regional exchanges: Smaller peer-to-peer sports trading platforms have launched state by state as regulators sort out how sports event contracts fit alongside licensed sportsbooks.

Sportsbook and brokerage-integrated prediction markets

Several familiar consumer brands have added event contracts to their existing apps, usually by routing trades through an underlying CFTC-regulated exchange like Kalshi.

• Robinhood Prediction Markets: Event contracts embedded in the Robinhood trading app, covering things like Fed decisions and elections.
• FanDuel Predicts: Event contract trading built into the FanDuel app alongside its traditional sportsbook product.
• DraftKings Predicts: DraftKings’ entry into event contracts, offered in states where traditional sports betting isn’t yet legal or as an added product line.

These integrations matter for availability. If your state doesn’t license traditional sports betting, an event-contract product routed through a CFTC exchange may still be accessible there, since it’s federally regulated rather than state-licensed.

Crypto and decentralized prediction markets

Outside the CFTC framework, a set of blockchain-native markets settle bets through smart contracts and oracles rather than a centralized operator.

• Polymarket (crypto side): Still runs on Polygon with USDC for users outside the newly regulated US product, using UMA’s optimistic oracle to resolve markets.
• Augur: One of the earliest decentralized prediction market protocols on Ethereum, though activity has dropped off significantly since its 2018 launch.
• Zeitgeist: A decentralized prediction market built on Polkadot, aimed at combining market-based forecasting with on-chain governance tools.
• Manifold Markets: A play-money forecasting platform where users trade with virtual currency instead of real funds, popular for forecasting practice and community questions.

Decentralized markets carry different risks than regulated exchanges: no CFTC oversight, reliance on oracle resolution for disputed outcomes, and exposure to crypto price swings if you’re not using a stablecoin.

Forecasting platforms (not trading markets)

A few well-known sites function more like structured forecasting competitions than tradable markets, but they’re often grouped with prediction markets because they generate similar probability estimates.

• Metaculus: Community forecasting on science, technology, and policy questions, scored for accuracy rather than traded for profit.
• Good Judgment Open: A public forecasting platform tied to the “superforecaster” research popularized by Philip Tetlock.

Neither of these lets you win or lose money, so they’re closer to crowdsourced analysis tools than markets in the trading sense.

International prediction markets and exchanges

• Betfair Exchange (UK): A long-running peer-to-peer betting exchange, mostly sports and racing, with some political and event markets.
• Smarkets (UK): A betting exchange known for low commission rates, covering sports and some political contracts.

US residents generally can’t access these directly for wagering purposes, since they’re licensed under UK gambling regulation rather than the CFTC framework.

How to pick between them

Match the platform to what you actually want to trade:

• For politics and macro events with the deepest liquidity, Kalshi and Polymarket carry the most volume.
• For sports-specific trading without sportsbook vig, look at Novig, Sporttrade, or ProphetX.
• If you already use Robinhood, FanDuel, or DraftKings, their built-in prediction market tabs avoid opening a new account elsewhere.
• For play-money practice or research interest rather than real trading, Manifold or Metaculus are lower-stakes starting points.

Check contract fees, minimum trade sizes, and state availability before funding an account, since these details shift as platforms expand their regulatory approvals state by state.